NYSE$FCPT

Four Corners Property Trust · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

FCPT demonstrated strong financial performance, driven by strategic acquisitions and equity issuances.

FCPT reported an increase in rental revenue, net income, and per-share FFO and AFFO compared to the same quarter in the previous year. The company acquired 26 properties for $69.9 million and raised $78.9 million through equity issuances.

  • Rental revenue increased by 11.4% year-over-year to $48.7 million.
  • Net income attributable to common shareholders was $24.5 million, or $0.30 per diluted share.
  • NAREIT-defined FFO per diluted share was $0.40, a $0.01 increase compared to the same quarter in 2021.
  • The Company acquired 26 properties for a combined purchase price of $69.9 million.

Headline financials

Total Revenue

$56M

Previous: $50.7M+10.5%
EPS (adj)

$0.41

Previous: $0.39+5.1%
Regular dividends declared per share

$0.33

Previous: $0.32+4.7%
Occupancy rate

99.9%

Previous: 99.8%+0.1%
Available liquidity

$358M

No prior period
Capital Expenditures

-$172M

Previous: -$196M+12.2%
Free Cash Flow

-$147M

Previous: -$175M+15.6%
Net Income

$24.5M

Previous: $21.2M+15.8%
Operating Income

$21.1M

Previous: $20.8M+1.7%
Gross Profit

$45.4M

Previous: $41.9M+8.5%
Cash & Equivalents

$36.7M

Previous: $7.81M+369.6%
Total Assets

$2.1B

Previous: $1.84B+14.2%
Stock-Based Comp

$1.21M

Previous: $845K+42.7%

Revenue & EPS history

FCPT · Revenue · Quarterly

$56M

Q3 2022+10.5%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

FCPT · $56M total across 2 segments · Q3 2022

  • Rental revenue
    $48.7M+11.6%
  • Restaurant revenue
    $7.29M+3.6%

Forward guidance

FCPT did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.6%

Avg return

30 days after

50%

21 / 42 earnings

Positive

+5.8%

Q3 2015

Best reaction

-5.6%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-0.7%-1.6%
Q4 2025-3.3%-0.8%+1.5%
Q3 2025-1.5%+1.0%+0.8%
Q1 2025-0.2%-0.2%-1.2%
Q4 2024+2.4%+0.2%+0.9%
Q3 2024-1.9%-1.3%+5.8%
Q2 2024-1.2%-2.0%+2.8%
Q1 2024+2.7%+2.2%+4.1%
Q4 2023+2.6%+2.7%+7.1%
Q3 2023+4.8%+3.6%+11.6%
Q2 2023-3.3%-2.7%-4.3%
Q1 2023-2.0%+2.5%+0.7%
Q4 2022+2.3%+0.8%-5.7%
Q3 2022-0.2%+3.5%+5.1%
Q2 2022+1.1%+3.0%-0.5%
Q1 2022-4.7%-6.8%-8.1%
Q4 2021+1.1%+0.5%+1.8%
Q3 2021+0.5%-1.0%-3.2%
Q2 2021+1.9%-0.9%+1.5%
Q1 2021-3.9%-2.3%-6.0%
Q4 2020-2.8%+1.2%-0.1%
Q3 2020-4.5%-5.0%+7.6%
Q2 2020+2.3%+3.2%+6.7%
Q1 2020+0.9%-1.0%+21.9%
Q4 2019+2.4%+2.8%-22.8%
Q3 2019+1.4%+0.8%-0.3%
Q2 2019-0.6%+0.0%+5.4%
Q1 2019+1.3%+1.9%+5.1%
Q4 2018-0.4%-1.1%+1.0%
Q3 2018+3.1%-0.6%+4.6%
Q2 2018+1.0%+1.3%+9.2%
Q1 2018+1.8%+1.6%+0.8%
Q4 2017-4.5%-2.8%+0.3%
Q3 2017+2.8%+4.9%+5.4%
Q2 2017-4.1%-3.8%+0.4%
Q1 2017-5.6%-4.7%+8.8%
Q4 2016+0.5%+1.9%+2.0%
Q3 2016-2.1%-2.4%-3.6%
Q2 2016-0.1%+0.6%-2.7%
Q1 2016-2.8%
Q4 2015-1.8%
Q3 2015+5.8%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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